Can I retire at age 40 with 802,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $802,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$66,228$65,638$65,063$64,501$63,953$63,127
2 years$32,786$32,176$31,584$31,010$30,454$29,623
3 years$21,640$21,027$20,437$19,869$19,321$18,512
4 years$16,069$15,457$14,873$14,314$13,780$12,997
5 years$12,726$12,119$11,542$10,995$10,475$9,722
6 years$10,499$9,896$9,328$8,792$8,289$7,566
7 years$8,909$8,310$7,751$7,229$6,741$6,049
8 years$7,716$7,124$6,574$6,064$5,592$4,930
9 years$6,789$6,202$5,662$5,165$4,710$4,078
10 years$6,048$5,467$4,936$4,452$4,013$3,411
11 years$5,443$4,867$4,346$3,875$3,451$2,878
12 years$4,938$4,368$3,857$3,399$2,991$2,446
13 years$4,511$3,948$3,446$3,001$2,608$2,091
14 years$4,146$3,588$3,096$2,664$2,286$1,796
15 years$3,830$3,278$2,795$2,376$2,013$1,549
16 years$3,553$3,008$2,534$2,127$1,779$1,341
17 years$3,309$2,770$2,306$1,911$1,577$1,164
18 years$3,093$2,559$2,105$1,722$1,402$1,012
19 years$2,900$2,372$1,927$1,556$1,250$883
20 years$2,726$2,204$1,769$1,409$1,117$771
21 years$2,569$2,053$1,627$1,279$999$674
22 years$2,426$1,917$1,499$1,163$896$591
23 years$2,296$1,793$1,384$1,059$804$518
24 years$2,177$1,679$1,280$966$723$455
25 years$2,068$1,576$1,186$882$650$399
26 years$1,967$1,481$1,100$807$586$351
27 years$1,874$1,394$1,021$738$528$309
28 years$1,787$1,314$949$677$477$272
29 years$1,707$1,239$884$620$430$240
30 years$1,633$1,170$823$569$389$211
31 years$1,563$1,106$767$523$351$186
32 years$1,497$1,047$716$481$318$164
33 years$1,436$991$668$442$288$145
34 years$1,379$940$625$407$261$128
35 years$1,325$891$584$374$236$113
36 years$1,274$846$546$345$214$100
37 years$1,226$803$511$318$194$88
38 years$1,180$764$479$293$176$78
39 years$1,137$726$449$270$159$69
40 years$1,096$691$420$249$144$61
41 years$1,058$658$394$230$131$53
42 years$1,021$626$370$212$119$47
43 years$986$597$347$196$108$42
44 years$953$569$326$181$98$37
45 years$921$542$306$167$89$33
46 years$891$517$287$154$81$29
47 years$862$494$270$142$73$25
48 years$835$471$254$132$67$23
49 years$808$450$238$122$60$20
50 years$783$430$224$112$55$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $802,000, adding $5,801 every year, while hoping to spend $21,820 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 68/17/15 Blend
39$802,000$802,000$802,000$802,000
40$889,788$847,282$834,851$946,795
41$957,330$865,582$839,602$1,003,824
42$1,031,030$884,048$843,781$1,063,053
43$1,111,493$902,665$847,346$1,127,283
44$1,199,385$921,415$850,252$1,197,005
45$1,295,440$940,282$852,452$1,272,756
46$1,400,464$959,245$853,899$1,355,132
47$1,515,347$978,283$854,540$1,444,785
48$1,641,066$997,374$854,322$1,542,438
49$1,778,701$1,016,491$853,187$1,648,885
50$1,929,437$1,035,607$851,078$1,765,000
51$2,094,582$1,054,694$847,931$1,891,748
52$2,275,574$1,073,719$843,681$2,030,193
53$2,473,998$1,092,647$838,260$2,181,504
54$2,691,601$1,111,442$831,597$2,346,974
55$2,930,304$1,130,063$823,616$2,528,023
56$3,192,227$1,148,467$814,238$2,726,219
57$3,479,701$1,166,609$803,382$2,943,289
58$3,795,297$1,184,439$790,961$3,181,137
59$4,141,844$1,201,903$776,885$3,441,860
60$4,522,460$1,218,945$761,060$3,727,770
61$4,940,582$1,235,504$743,386$4,041,416
62$5,399,992$1,251,514$723,760$4,385,604
63$5,904,859$1,266,906$702,074$4,763,431
64$6,459,775$1,281,605$678,214$5,178,305
65$7,069,801$1,295,533$652,063$5,633,987
66$7,740,510$1,308,603$623,496$6,134,619
67$8,478,043$1,320,726$592,384$6,684,767
68$9,289,167$1,331,805$558,593$7,289,463
69$10,181,335$1,341,737$521,979$7,954,254
70$11,162,763$1,350,413$482,396$8,685,251
71$12,242,498$1,357,716$439,690$9,489,192
72$13,430,511$1,363,523$393,698$10,373,501
73$14,737,790$1,367,702$344,253$11,346,361
74$16,176,437$1,370,113$291,179$12,416,791
75$17,759,792$1,370,606$234,292$13,594,731
76$19,502,550$1,369,025$173,400$14,891,136
77$21,420,904$1,365,201$108,302$16,318,079
78$23,532,696$1,358,956$38,790$17,888,867
79$25,857,587$1,350,101$0$19,618,164
80$28,417,240$1,338,435$0$21,527,799
81$31,235,527$1,323,747$0$23,636,914
82$34,338,751$1,305,810$0$25,958,964
83$37,755,895$1,284,386$0$28,515,626
84$41,518,897$1,259,222$0$31,330,787
85$45,662,951$1,230,050$0$34,430,773
86$50,226,835$1,196,586$0$37,844,590
87$55,253,283$1,158,530$0$41,604,209
88$60,789,383$1,115,563$0$45,744,859
89$66,887,024$1,067,349$0$50,305,361
90$73,603,383$1,013,532$0$55,328,501
91$81,001,468$953,735$0$60,861,425
92$89,150,710$887,560$0$66,956,090
93$98,127,618$814,586$0$73,669,756
94$108,016,502$734,368$0$81,065,519
95$118,910,268$646,435$0$89,212,917
96$130,911,295$550,289$0$98,188,578
97$144,132,400$445,407$0$108,076,951
98$158,697,905$331,231$0$118,971,096
99$174,744,807$207,178$0$130,973,570
100$192,424,074$72,626$0$144,197,392